VMRO-DPMNE President Hristijan Mickoski warns that Macedonia faces a Greek style bankrupt if the Zaev Government continues to pile on new debt.
We are moving toward a Greek scenario. This includes two directions – reducing the infrastructure investments to a bare minimum, which we see is already happening, and eventually getting to a point when we can no longer service our debt Mickoski said.
The opposition leader warned that, after appointing himself de-facto Finance Minister, Zaev will continue to reduce infrastructure spending in order to have public cash on hand he can use for pre-election welfare transfers.
If infrastructure spending continues with this pace, by tthe end of the year it will be at barely 50 percent of the projections made at the start of the year. Some 200 million EUR that were supposed to go for vitally needed infrastructure will be left over in the budget. Where will these money be spent? They will go toward transfers meant to help Zoran Zaev cover up his criminal policies and buy votes. Zaev hopes that the voters will show short-term memory and will allow to be bought with welfare transfers, Mickoski said.
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